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Funko investors investigate CEO departure, stock price drops 10.49%
ByAinvest
Saturday, Jul 12, 2025 10:12 am ET1min read
Pomerantz LLP is investigating claims on behalf of investors of Funko, Inc. regarding potential securities fraud and unlawful business practices. The investigation follows the departure of CEO Cynthia Williams, which led to a 10.49% drop in Funko's stock price. Investors who have suffered losses are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
Pomerantz LLP, a leading securities law firm, has announced an investigation into claims on behalf of investors of Funko, Inc. (NASDAQ: FNKO) regarding potential securities fraud and unlawful business practices. The investigation follows the departure of CEO Cynthia Williams, which resulted in a significant drop in Funko's stock price.On July 7, 2025, Funko announced the departure of Cynthia Williams as its Chief Executive Officer, effective July 5, 2025. This news led to a 10.49% decline in Funko's stock price, with the shares falling from $4.94 to $4.35 [3]. The investigation by Pomerantz LLP is exploring whether Funko and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Investors who have suffered losses are advised to contact Danielle Peyton at Danielle.Peyton@pomerantzlaw.com or 646-581-9980, ext. 7980. Pomerantz LLP is known for its expertise in corporate, securities, and antitrust class litigation and has recovered numerous multimillion-dollar damages awards on behalf of class members [3].
This investigation adds to the recent turmoil at Funko, which has seen a net loss of $27.6 million in the first quarter and a 50% decline in share price during Williams' tenure [2]. The company cited macroeconomic factors including tariffs as contributing to stunted revenue. Funko has since appointed board member Michael Lunsford as interim CEO to help realize the full potential of the business [2].
Investors are urged to stay informed and vigilant as the investigation progresses. For more information, please refer to the Pomerantz LLP website [3].
References:
[1] https://www.morningstar.com/news/globe-newswire/9492740/ftre-fraud-alert-fortrea-holdings-inc-25-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-1-nasdaqftre
[2] https://www.cllct.com/sports-collectibles/memorabilia/funko-replaces-ceo-cynthia-williams-amid-declining-sales
[3] https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-funko-inc---fnko-302501976.html
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